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The December edition available here.

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Emerging powers news

Latest edition: emerging powers news roundup

2012-04-22, Issue 581

http://pambazuka.org/en/category/emplayersnews/81551

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In this week's edition of the Emerging Powers News Round-Up, read a comprehensive list of news stories and opinion pieces related to China, India and other emerging powers...

1. General

World Bank vote shows lack of mortar to hold BRICs together
Ngozi Okonjo Iweala, the Nigerian finance minister who this week missed out on becoming the president of the World Bank, said she drew one significant lesson from the contest. “We have shown we can contest this thing and Africa can produce people capable of running this entire architecture,” she told reporters in the Nigerian capital of Abuja on Monday, as her American rival, Dr Jim Yong Kim, was crowned the bank’s 12th president in Washington.
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2. China in Africa

Ghana seeks $6 bln China loan
Ghana said on Thursday that the $6 billion it is seeking from the Export-Import Bank of China through an existing $13 billion Chinese credit facility would fund new transport, education and health projects in the West African state. Ghana, which is heading toward presidential elections in December, had said in August last year that it was seeking to land the $6 billion loan from the ExIm Bank, but had not said how it planned to use the funds.
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Ghana Signs $1 Billion Loan With China for Natural Gas Project
Ghana signed a $1 billion lending agreement with China Development Bank Corp. as part of the biggest loan in the country’s history that Vice President John Dramani Mahama said would provide hundreds of thousands of jobs and develop natural gas. Ghana signed an $850 million agreement for a gas project between the Ghana National Gas Co. and China Petroleum & Chemical Corp. (600028) in Beijing and the rest for information technology projects, Mahama said. The total amount of the loan will eventually be $3 billion and Ghana will send China 13,000 barrels of oil a day that will be sold at market price on the day, he said.
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Tanzania sources Chinese loan for wind farm
Tanzania has secured a US$123 million loan to construct a wind energy plant in its central region. The wind turbine project expects to extend power generation by up to 300 MW. The planned wind farm in Singida will mean that power-dependent industries in the region will soon be provided with locally generated electricity. The managing director of the state-run National Development Corporation (NDC), Gideon Nasari, confirmed the parastatal has secured the non-concessional loan from Exim Bank of Beijing, China.
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China sets fund for new aims in Africa
The China-Africa Development Fund is shifting its investment strategy with the focus now on infrastructure, manufacturing and agriculture, after a capital injection of $2 billion, Hu Zhirong, vice-president of the fund, said. Besides energy and resources, the fund is looking at projects in "infrastructure, manufacturing, new energy and agriculture", to boost Africa's standard of living, he said in an interview.
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Sudan, China in Joint Work to Increase Oil Production
Sudan and China are concerting bilateral efforts to increase oil production in Sudan with six squares open proposed for investment to be offered to investing companies mid this month, the Minister of Finance and National Economy Ali Mahmoud has announced. The Ministry is embarking on setting up new measures for attracting financial resources from outside to bridge the gap left by South Sudan secession and cessation of oil revenues, the minister affirmed.
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3. India in Africa

India proposes norms for Indian Ocean anti-piracy patrols
With the Indian Ocean region infested by Somali pirates, India is spearheading an effort to create a naval standard operating procedure (SOP) for the 32 littoral nations of the region to jointly fight the menace. The effort at preparing the SOP is currently in progress at the India-initiated Indian Ocean Naval Symposium (IONS) that is in progress in South Africa since Wednesday, according to the Indian Navy here.
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4. In Other Emerging Powers News

Understanding Russia-African Economic Cooperation
Low enthusiasm and inadequate knowledge of current market changes are key factors affecting economic cooperation between Russia and African countries, but experts have repeatedly suggested that this trend can be reversed if both African governments and Russian authorities get down to serious dialogue with concrete business agenda.
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LUKOIL to spend $100 million on Sierra Leone block
Russia's second largest oil producer, LUKOIL will invest $100 million to launch exploration activities on its offshore block in Sierra Leone, a company official said. LUKOIL, which has struggled to replace production with new reserves, is pinning its hopes on new overseas ventures and bought a 49 percent stake in the offshore block last year as part of efforts to build its portfolio of African oil assets.
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Mozambique: Country-Brazil - Example of South-South Cooperation
The Vice-President of Brazil, Michel Temer, said on Tuesday that the partnership between Brazil and Mozambique has shown the benefits of south-south cooperation in promoting social development that is also committed to democracy and social justice. Speaking shortly after a meeting with Mozambican Prime Minister Aires Ali, who is on an official visit to Brazil, Temer said the work done in partnership with Mozambique reflects Brazilian interest and confidence in strengthening still further the existing ties.
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SA to work with Brazil against hunger
Brazil has agreed to assist South Africa on social development issues, particularly in fighting against poverty and hunger. “It is important that we strengthen relations by sharing experiences with the view to find solutions to the similar challenges we face,” said Social Development Minister Bathabile Dlamini on Tuesday. She was speaking at a discussion in Pretoria, where Brazil's Deputy Social Development Minister Romulo Paes de Sousa shared policies on fighting hunger and poverty.
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5. Blogs, Opinions, Presentations and Publications

Zhong Jianhua: Chinese Enterprises in Africa
At the end of 2011, Mr Zhong Jianhua, Chinese ambassador to South Africa, received a special interview by a reporter of China Reform of Caixin Media. Mr Zhong emphasized as China's investment endeavor in Africa is still in the primary stage, we need to understand different cultures from different perspectives.
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